PublicationsInsights on Current Policy Issues

This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

Today's Daily Update

June 7, 2018

The House will consider H.R. 3 – Spending Cuts to Expired and Unnecessary Programs Act and begin consideration of H.R. 5895 – Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act, 2019. The Senate will consider Kenneth L. Marcus, to be Assistant Secretary for Civil Rights, Department of Education.

THE HOUSE

Yesterday

SUMMARY OF LEGISLATIVE BUSINESS

Ordering the Previous Question on H. Res. 918 - The combined rule providing for consideration of the Senate amendment to the bill H.R. 3249 - Project Safe Neighborhoods Grant Program Authorization Act of 2017 and of the bill H.R. 8 - Water Resources Development Act of 2018 and of the bill H.R. 5895 - Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act, 2019

– PASSED 224 – 176, ROLL CALL 234

Republican YEA – 224; NAY – 0

Democrat YEA – 0; NAY – 176

Adoption of H. Res. 918 - The combined rule providing for consideration of the Senate amendment to the bill H.R. 3249 - Project Safe Neighborhoods Grant Program Authorization Act of 2017 and of the bill H.R. 8 - Water Resources Development Act of 2018 and of the bill H.R. 5895 - Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act, 2019

THE SENATE

1) Confirmation of Executive Calendar #625, Annemarie Carney Axon, of Alabama, to be United States District Judge for the Northern District of Alabama; Confirmed: 83-11

Legislative Business

Passed H.R.88, Shiloh National Military Park

Passed Cal.172, H.R.1719, John Muir

Passed Cal.415, S.1692, Emergency Medical Services Commemorative

Passed Cal.432, H.R.1900, Veterans Memorial Museum

Passed Cal.433. S.2857, National Nordic Museum

Passed Cal.434, H.R.1397, GW Parkway Transfer

Adopted S.Res.536, Legal Counsel

Today

The Senate stands adjourned until 10:00am on Thursday, June 7.

Following Leader remarks, the Senate will proceed to Executive Session to consider Executive Calendar #603, Kenneth L. Marcus, of Virginia, to be Assistant Secretary for Civil Rights, Department of Education, with the time until 12:30pm equally divided.

At 12:30pm, the Senate will vote on confirmation of the nomination.

Cloture was filed on the motion to proceed to H.R. 5515, National Defense Authorization Act (NDAA). With consent, we could see the cloture vote at 1:45pm tomorrow. If no agreement can be reached, the cloture vote would be one hour after the Senate convenes on Friday.

Financial Services

H.R.6021 — 115th Congress (2017-2018)To amend the Sarbanes-Oxley Act of 2002 to exclude privately held, non-custody brokers and dealers that are in good standing from certain requirements under title I of that Act, and for other purposes.Sponsor: Rep. Hill, J. French [R-AR-2] (Introduced 06/06/2018) Cosponsors: (1)Committees: House - Financial ServicesLatest Action: House - 06/06/2018 Referred to the House Committee on Financial Services.

H.R.6019 — 115th Congress (2017-2018)To establish a penalty for the Department of Housing and Urban Development for failure to enforce compliance with the public housing community service and self-sufficiency requirement under law, and for other purposes.Sponsor: Rep. Biggs, Andy [R-AZ-5] (Introduced 06/06/2018) Cosponsors: (0)Committees: House - Financial Services, AppropriationsLatest Action: House - 06/06/2018 Referred to the Committee on Financial Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee...

S.3004 — 115th Congress (2017-2018)A bill to amend the Sarbanes-Oxley Act of 2002 to exclude privately held, non-custody brokers and dealers that are in good standing from certain requirements under title I of that Act, and for other purposes.Sponsor: Sen. Cotton, Tom [R-AR] (Introduced 06/06/2018) Cosponsors: (1)Committees: Senate - Banking, Housing, and Urban AffairsLatest Action: Senate - 06/06/2018 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S.3008 — 115th Congress (2017-2018)A bill to direct the Secretary of Health and Human Services to conduct a study and submit to Congress a report containing recommendation on how to improve the use of non-opioid treatments for acute and chronic pain management for individuals entitled to benefits under part A or enrolled under part B of the Medicare program, and for other purposes.Sponsor: Sen. Young, Todd C. [R-IN] (Introduced 06/06/2018) Cosponsors: (1)Committees: Senate - FinanceLatest Action: Senate - 06/06/2018 Read twice and referred to the Committee on Finance.

PublicationsInsights on Current Policy Issues

This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.